Cyclo Therapeutics shares are trading higher after the company and Applied Molecular Transport announced they entered into a definitive merger agreement.
Portfolio Pulse from Benzinga Newsdesk
Cyclo Therapeutics and Applied Molecular Transport have entered into a definitive merger agreement. This has led to an increase in the trading of Cyclo Therapeutics shares.
September 21, 2023 | 12:38 pm
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POSITIVE IMPACT
Cyclo Therapeutics' shares are trading higher after the company announced a definitive merger agreement with Applied Molecular Transport.
The announcement of a definitive merger agreement typically leads to increased investor confidence in the involved companies, leading to a rise in share prices. In this case, Cyclo Therapeutics' shares are trading higher, indicating positive investor sentiment towards the merger.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100